Settings8H · net · $10k
Funding arb · Price arb /

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Extended against ApeX Omni+0.014%92s7-day average +0.095% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$940.935% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.053%+$5 on $10k
Price spread, last 3 days (all we have)+0.028%+$3 · spread now +0.014%, 7d avg +0.095%
Together, before fees+0.081%+ Points / potential airdropExtended: Active · farm board+$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.080% cheaper against ApeX Omni than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.095%. The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni MONUSDT0.025770.0100pay 0.0013% / 1h33m 55s$69K$484K50x
ShortExtended MON-USD0.025770.0104get 0.0013% / 1h33m 55s$49K$513K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against ApeX Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.84
Price spread: +0.014% → +0.095%
−$8.02
Slippage, 4 orders
−$78.5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$100.68
Costs to cover
0.935%
Break-even
846.0 days
Slippage from ApeX Omni: live order book, 39 min ago; Extended: live order book, 39 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 39 min ago9.78 bp18.9 bp −$19113.3 bp −$1,133doesn't fitdoesn't fit
Sell Extended live order book, 39 min ago5.87 bp28.1 bp −$28273.5 bp −$2,735doesn't fitdoesn't fit

MON on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MON/USDC PERP−0.0444%1h0.02576−0.039%$6K$1075.5xas long as short
Phoenix MON0.0000%1h0.02581+0.167%$13K$351K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02574−0.105%$70K$119K25xas long as short
Orderly PERP_MON_USDC+0.0068%4h0.02572−0.194%$17K$64K10xas long as short
01 Exchange MONUSD+0.0088%1h0.02577−0.008%$6K$1K5xas long as short
Lighter MON+0.0096%1h0.02576−0.039%$858K$754K10xas long as short
Paradex MON-USD-PERP+0.0098%8h0.02573−0.150%$8K$425xas long as short
Nado MON-PERP+0.0100%1h0.02579+0.065%$393K$537K10xas long as short
Hyperliquid MON+0.0100%1h0.02577+0.008%$35.0M$7.5M5xas long as short
Aster MONUSDT+0.0100%4h0.02575−0.070%$107K$231K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX MON-USD+0.0100%1h0.02578+0.020%$13K5xas long as short
Pacifica MON+0.0100%1h0.02577+0.008%$142K$104K3xas long as short
Binance MONUSDT+0.0100%4h0.02574−0.116%$24.6M$25.7M75xas long as short
Bybit MONUSDT+0.0100%8h0.02574−0.136%$21.3M$12.2M50xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02572−0.194%$4.3M$6.0M50xas long as short
Bulk MON-USD+0.0100%1h0.02575−0.078%$106K$2K10xas long as short
Gate MON_USDT+0.0100%4h0.02574−0.116%$981K$904K50xas long as short
Bitget MONUSDT+0.0100%4h0.02576−0.039%$2.7M$1.9M25xas long as short
Backpack MON_USDC_PERP+0.0100%1h0.02575−0.089%$128K$141K10xas long as short
Variational Omni MON+0.0100%8h0.02581+0.159%$780K$407Kas long as short
edgeX MONUSDC+0.0100%4h0.02581+0.156%$44K$247K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02578+0.040%$584K$1.5M10xas long as short
ApeX Omni MONUSDTlong+0.0100%1h0.02577long leg$69K$484K50x
SoDEX MON-USD+0.0100%1h0.02574−0.116%$5K$6K5xas long as short
Extended MON-USDshort+0.0104%1h0.02577+0.014%$49K$513K10x
Aevo MON-PERP+0.0104%1h0.02573−0.155%$39K3xas long as short
Aftermath Perps MONUSD+0.0137%1h0.02578+0.026%$4K$76K10xas long as short
KuCoin MONUSDTM+0.0140%4h0.02578+0.039%$3.0M$725K75xas long as short
GMX MON/USD [ETH-USDC]L +0.0261% / S −0.0598%1h0.02574−0.136%$8K50xas long as short
BloFin MON-USDT+0.0340%4h0.02576−0.039%$1.4M$308K75xas long as short
Perpl MON+0.0447%43m0.02573−0.147%$180K$2.0M10xas long as short
Kraken Futures PF_MONUSD+0.0464%1h0.02577−0.006%$271K$78K10xas long as short
Coinbase International MON-PERP-INTX+0.0808%1h0.02587+0.396%$113K$50K50xas long as short